Public Notice From The Higher Education Students’ Loans Board (HESLB)


Public Notice From The Higher Education Students’ Loans Board (HESLB)
The Higher Education Students’ Loans Board (HESLB) is a body corporate established under Act No.9 of 2004 (as amended in 2007, 2014 and 2016) with the objective of assisting needy and eligible Tanzania students to access loans and grants for higher education. The main mandates of HESLB include:

Recommended

  1. To assist, on a loan basis, needy students who secure admission in accredited higher learning institutions, but who have no economic power to pay for the costs of their education
  2. To collect due loans from loan beneficiaries and use it as revolving fund to sustain operations of the Board
  3. To create synergies through establishing strategic partnerships in student financing ecosystem

Public Notice From The Higher Education Students’ Loans Board (HESLB)


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Our Functions

  1. Assume control and management of loanable funds
  2. Formulate mechanisms for determining eligibility of students for loans
  3. Administer and supervise disbursement and repayment of loans offered since 1994
  4. Issue loans to eligible and needy Higher Education Students
  5. Keep and maintain the register and other records of loan beneficiaries and amounts granted to them
  6. Collect repayments for all loans issued to students since 1994 so as to re-lend the funds to other needy Tanzanian students
  7. Advise the Minister on policy and legal matters related to issuance and recovery of loans to students
  8. Establish operational linkages between the Board, higher learning institutions, loan beneficiaries and employers for effective issuance and recovery of loanable funds
  9. Establish and maintain cooperative network between the Board and other local and international stakeholders in higher education, be it Government or non- government institutions
  10. Conduct research and maintain a databank on other local and external scholarships, sponsorships and awards that may be accessed by Tanzania students
  11. Perform any other duties conferred by the Board or under the Act or any other written laws